[ April 27, 2024 ]
Stripe Is Offering $20,000 Bonus To Employees Who Relocate To Less Expensive Cities, But It Comes With A Pay Reduction
By: Elana Lyn Gross, Forbes Setpember 18, 2020:
Stripe is offering a $20,000 bonus to employees who move away from San Francisco, New York City or Seattle but it comes with a 10% pay reduction, spokesman Mike Manning told Forbes, making the e-commerce and mobile payment processor the latest tech company to implement pay cuts for workers who chose to relocate to less expensive cities as remote work policies are extended because of the pandemic.
STRIPE COLLISONStory continues below advertisementStripe cofounders and siblings John and Patrick Collison in 2018. Bloomberg
Key FactsStripe has 16 offices globally, including in San Francisco, New York City and Seattle, which were all among the most expensive office rental submarkets in the U.S. last year, according to the real estate data provider PropertyShark.
Stripe, which has more than 2,800 employees, has relied on remote work for years and in May announced it would hire at least 100 remote engineers, saying remote workers have helped the company stay close to customers so they can tailor Stripe’s products accordingly.
Stripe joins other technology companies that have said they’ll cut the pay of employees who move to less expensive cities, including the social media companies Facebook and Twitter and enterprise software companies VMware and ServiceNow, according to Bloomberg, which first reported the news.
Further BackgroundJust as many white-collar Americans are reconsidering the cost of living in expensive cities if remote work policies continue, many companies are also reconsidering expensive office costs. Some companies have had market-based salary policies in place for years, meaning pay is adjusted based on the cost of living or cost of labor in the area.
The job search marketplace Hired surveyed 2,300 tech workers and found that 55% said they would not be willing to accept a reduced salary if their employer made work from home permanent. An overwhelming 90% said the same job should receive the same pay, regardless of if the person works remotely, but 40% said they support location adjustments. More than half, 53%, said they would be “likely” or “very likely” to move to a city with a lower cost of living if allowed to work from home permanently.
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57 Comments3 years agoIt’s HAMMER time Trump probably won’t do this today, but the ‘Snap-Back’ of the Iran sanctions will start tomorrow Sept 19, and these financial sanctions are very likely to be part of the snap-back.
3 years agoReply to felix1999I don’t seem to remember economic sanctions stopping N. Korea from developing nuclear weapons. Totalitarian states don’t seem to respond to such measures — Nazi Germany and JP sure didn’t.
3 years agoReply to MuhamMUDTheFakeProphetThey don’t care about their people either. As long as the elite lives well , the peasants can starve for all they care. Look at Iran. They don’t care about their people.
3 years agoReply to MuhamMUDTheFakeProphetWeak sanctions give the impression of progress with actually accomplishing anything.
This would work………………
BAN ALL TRADE WITH COMMUNIST CHINA, 3-3/4 YEARS AGO.3 years agoReply to felix1999Actually, food has been hit with FAR less inflation than practically anything, over the past four decades.
I can still get a dozen jumbo (not medium, not large, not extra large … jumbo) eggs for 99 cents.
A gallon of homogenized milk, on weekly feature, still runs $1.99.
Boneless pork loin, featured, $1.49 per pound (cheaper than the eighties) …
A fifty pound sack of short grain rice has gone up a goodly amount, but only doubling from1980 prices, which is less than 2% compound inflation.
Food is cheap.
3 years agoReply to Achmed MohandjobThat is cheap. Those aren’t our prices.
Gallon of whole milk here is $3.99
It is about double your price.Meat prices are through the roof here.
I picked a random food store located in the NW.
This food store practically has a monoply so you don’t have allot of choices.https://shop.shoprite.com/store/0b75762/search?displayType=&query=Whole+Milk&sponsored=5
Compare other prices to yours at the link.
3 years agoReply to felix1999That’s not how you shop, if you don’t want to squander money needlessly.
The day after a feature, say $0.88 cents per pound for seedless grapes, I walk into the same Aldi’s and they’re up to $2.49. Grapes, refrigerated keep quite well for up to three weeks. Within three weeks, another weekly promo of them.
Milk, the day after the week’s $1.99 feature, jump up to around $3.50. Milk keeps VERY well, two-to-three weeks, if refrigerated and not left to sit on the counter. However, milk seems to be on a rolling feature. One week, it’s one store. The next, another … and so on.k
Although there are many stores, I shop predominately three (outside of the East Asian grocers).
You have only one supermarket within close proximity? The closest to me is around a twenty minute drive. The furthest, that I use, is around twenty-five minutes. There are more than three, but I pretty much stick to those.
Beef prices are high, and have been since around twelve years ago, when fat cattle, on the hoof, went from $60.00 to $70.00 per cwt. But, they’re lower than the were five-to-ten years ago.
However, pork is cheaper than it was in the eighties.
I used to consume a great deal of beef. Now, we very rarely have beef.
If you don’t want to squander money needlessly, a household has to adjust their menu.
Dry beans are cheaper than five years ago.
Most of our produce we raise, can and freeze. But, I ain’t much for stinkin’ vegetables, anyway. That’s why I won’t vote for joey bidet.
3 years agoReply to Achmed MohandjobWe really don’t have allot of choices. I picked Shop Rite at random.
We do buy stuff on sale as you do too!We have Wegmans, Bishops, Walmart, Shop and Stop, Quick Chek and 7/11 and with the exception of Quick Chek they are not close by. Shop Rite has the majority of food stores. For these other stores you have to go out of your way. Shop Rite is actually more reasonable than the other stores with the exception of Walmart. Walmart requires more travel and there is no way I’d ever buy meat there!
We live in a residential surburban area. We have horse farms and some of the land is not developed yet.Our back yard backs up to woods and a creek so they can’t build there. Our development is fairly contained. There is some farming but you have to drive a bit to get fresh fruit and vegetables. There is a place that raises, buffalo about 40 minutes away.
We refuse to shop at Costco – they only donate to Demoncrappers. BJ’s is better and we don’t like the area it’s located in. We don’t speak Spanish or Ebonics or Arabic so we stay away from there. There is no point in going into those areas and being a target. We never shop at Target and I don’t think there is one near us. I have been in one years ago in PA, and didn’t like it. Shop Rite is the closest. Depending on what is needed, and more often than not, it makes more sense to just get it there and be done with it. It’s just not worth it to go to one store to get X and drive another 40 minutes to get Y and then go to another store to get Z and another 40 minutes or more with traffic to get home again.
I can tell you this, you won’t find milk or eggs in any of those stores at your price. NJ is known for it’s high cost of living which is a major reason why people don’t retire here. It’s not worth it and taxes constantly go up. There are only certain areas that you want to live in here…. The up side is you earn more and learn to maximize the investment and have a 401K etc..
My understanding is that if you have worked for the state in some form, and stay here you get your full state retirement pension. If you leave you get less state pension money. So we have allot of teachers and government people staying here and they always vote for Democrats. The rest of us who worked in the private sector leave as soon as we can. For us we have two more years here at most.
We have sanctuary cities all over the place and some areas may not be sanctuary cities but not areas you want to go into. Our lovely governor wants to make us a sanctuary state. He may have done that already. We don’t pay much attention to him. It’s too upsetting. DEMS totally control our state and we keep getting more people with their mentality. NJ is very hostile to business so companies keep moving out too.
3 years agoReply to felix1999I won’t shop Walmart as they have pledged One Hundred Million, U.S. dollars to blm causes.
Aldi’s and one local chain and there is a produce market that’s bloody CHEAP.
Difference, in prices, between stores is rather shocking.
I was unfamiliar with any pension, public or private, where the amount is reduced, depending on where the pensioner lives.
I couldn’t find anything about that, on that worldwide interweb thing.
3 years agoReply to Achmed MohandjobAgreed. And gasoline prices change every Thursday, ahead of the weekend.
There is an old saying here in Texas, “The further you live from a refinery, the cheaper the gas.”
3 years agoReply to Drew the InfidelI trade West Texas Intermediate and RBOB (New York Harbor Unleaded). Pretty small and infrequent trader. I was never a “size” trader in those markets. Ten to twenty caks was as big as I got.
One thing that i noticed and is still in effect. If Unleaded pops a nickel, that same day prices at the pump go up a dime. However, if Unleaded takes a twenty cent hit, it takes over a week for prices, at the pump, to drop a dime.
3 years agoReply to felix1999Just an addition, felix1999. I don’t have a user’s name or password for shoprite.com. Without one, I can’t get in.
3 years agoReply to felix1999My Ex in Seattle bytched recently about the high cost of living. I gave her a tip.
Get a better job.
Move to a cheaper city.Sorry, can’t repeat her reply. I am still laughing.
3 years agoReply to CharlieSeattleThat’s why allot of people from NJ move south.
You get more for your money.3 years agoReply to felix1999Unfortunately alot of people from NJ bring their liberal voting habits with them, whine about how much better it was up north and then wonder why the natives in the area can’t stand them.
3 years agoReply to CharlieSeattleThat social distancing really works. I haven’t seen nor spoken to either of my ex-wives in decades.
3 years agoReply to DemocracyRules2Jahangiri just might be waiting for Divine help but if I were him, I’d start working this moment and not wait. The other theory he’s waiting for market cycle etc. It’s not going to happen. Do you know why? When the Government spends It’s GDP on a huge Army, the Rev Guard, R&D for Ballistic Missiles, a NUKE and all the Ancillary infrastructure, funds Hamas and Hezbollah: there is not much left over. The only thing that will make it even worse will be a war. I hate to mention it because for the Iranian People this will be a disaster on many levels. Let’s pray by whatever means that the Mullahs come to their senses, at least common sense.
3 years agoReply to Jack HolanJack: Iran is cruising towards war. They are 6 months way from having 2 nukes, and they hope to use them as threats to grab other oil countries. That’s why the Gulf states are so worried. The UN will do nothing to stop Iran, the E3 said so yesterday.
Today, Sept 19th, Trump forces a sanction snap-back and that will mainly be economic, and a big arms embargo. He may shut down the entire Iranian banking system.
Iran will panic, but they are too broke for war with the USA. You are right about that.
3 years agoReply to DemocracyRules2If this happened the Joe Biden and Nancy Pelosi might cry. publicly and call the President mean. LOL
3 years agoReply to Jack HolanWell Trump’s sanctions clamp-down on Iran begins tonight, Sept 19th at 8 pm. And the carrier Nimitz has just entered the Persian Gulf to make sure Iran does not act up.
3 years agoLeave your leftism in San Francisco!
3 years agoReply to CharlieSeattle“San Francisco, New York City and Seattle, which were all among the most expensive office rental submarkets in the U.S. last year”
Those cities are expensive because the cities are mismanaged, and it becomes impossible for builders to add new rental spaces. Too may stupid regulations and conflicting zoning rules and building codes at federal, state, county, and city levels, so the builders can’t make money.
Rule # 57: If you restrict economic liberties, then you will restrict economic growth.3 years agoReply to CharlieSeattleThey should also warn their employees not to vote for anti-business candidates.
3 years agoWE, THE PEOPLE, including the SILENT MAJORITY have MORE POWER THAN CONGRESS OR ANY COMPANY IN THE WORLD! Try to remember that, folks. YOU CAN EITHER SUPPORT FOOLISH COMPANIES WHO SIDE WITH OUR ENEMIES, OR YOU CAN TAKE THEM DOWN BY NOT SUPPORTING THEM IN ANY WAY.
CANCEL YOUR NETFLIX, TWITTER, FACEBOOK, TIKTOC, AND ANY OTHER LEFTIST ACCOUNTS YOU HAVE. Then, sit back and watch them FALL………………………….HARD. THEY WILL BE BEGGING YOU TO RETURN, I GUARANTEE IT.
3 years agoReply to TomSJrAnd, don’t forget to stop doing any business with Walmart, as they pledged One Hundred Million U.S. Yankee Greenback Dollars to blm causes. Don’t forget Costco, which has made HUGE donations, as well, to similar/same groups. Ford, GM, Chrysler …
The list runs into the several hundreds of American companies that have sold us out.
White Lives Matter
3 years agoReply to Achmed MohandjobIt’s awful how stores have become so political.
There is no reason for that.3 years agoReply to felix1999Imagine being a shareholder and reading how Wally is going to piss away One Hundred Million U.S. Yankee Greenback Dollars.
3 years agoReply to TARDREAren’t White Lives a portion of “All Lives”?
Remember, saying “All Lives Matter” will get you murdered (shot to death) by negroes.
3 years ago“Stripe Is Offering $20,000 Bonus To Employees To Leave Cities”
Translation:Flee for your life from DemonRat ????holes, do it before November 3rd, the DemonRat ????holes are going to turn into full scale war zones!
3 years agoOff topic –
BREAKING REPORT: Trump Offered Julian Assange Deal To Avoid Extradition To US If He Revealed Source OF DNC Email Leaks
By Patty McMurray | Sep 18, 2020
…
Why is Julian Assange still protecting the identity of the DNC email leaks?
In a stunning interview with on the Dutch television program Nieuwsuur, Julian Assange explains why Wikileaks goes to great lengths to protect their sources. Curiously, Assange brought up the murder of Seth Rich while discussing the leaked DNC emails that Wikileaks made public in 2016.We reported on the July 10, 2016 murder of Seth Rich, who was hired by the Democrat Party as the official “voter expansion data director.” Although no connection has been proven, he was clearly privy to information that could potentially harm the Democrat Party, and more specifically Hillary Clinton’s chances of winning the election in November.
Rich was shot in the back several times but wasn’t robbed. He was left to die a short distance from his home in gun-free Washington D.C.
…
https://100percentfedup.com/breaking-report-trump-offered-julian-assange-deal-to-avoid-extradition-to-us-if-he-revealed-source-of-dnc-email-leaks/?utm_source=FedUpemail&utm_medium=email&utm_content=subscriber_id:531687776&utm_campaign=Auto%20Send%20from%20100PercentFedUp.com%20on%20September%2018,%202020%20at%2002:49:40%20PMNext give Edward Snowdon a PARDON and let him come home!
3 years agoReply to MuhamMUDTheFakeProphetI don’t think so. It needs to be taken on a case by case situation.
Trump wasn’t in favor of it in the beginning but I think with his experience and being spied on, he is reconsidering that.3 years agoThis, I do not understand.
If the work performed is the same. If the quantity of work remains unchanged. If the performance is unchanged …
Why a 10%, per annum, pay cut?
3 years agoReply to Achmed MohandjobAnd the Company is saving on office leasing in the high rent districts to boot. Someone, two brothers are trying hard to show a profit via artificial means; you might surmise. Maybe some auditors should determine the true fundamentals of the company and it’s true potential for growth. By the way, are the brothers moving too and taking a 10% cut?
3 years agoReply to Jack HolanI’m making book and giving odds. Any guess on which way I lay my play?
3 years ago
3 years agoGinsberg has died at age 87!!!!!!!
3 years agoReply to felix1999The poor old lady riddled with Pancreatic Cancer worked right up to her Death Knell! All to block Trump from getting another (honest) Judge onto the bench. That’s one pension she will never get, now for the All-In Poop Fight over the next nomination! Barry Boy lost on this one cos he couldn’t get Ruthy out! Remember Kavanagh? Sleepy Joe is being propped up for the same reasons!
3 years agoA commute to work is starting to gain in appeal. I live in a rural setting and love it, the peace and quiet and the sounds of nature.
I’m 72 years old, been halfway around the world fighting in a war, and the rudest sons-of-b*tches I ever met in my life live inside the city limits.
3 years agoReply to Drew the InfidelI have only been flipped off twice while driving and both happened in Philidolphia on the same morning.
3 years agoStay where you are …. WE DON’T WANT YOU HERE WITH YOUR LEFTIST NONSENSE.
If you come here and start your communist/leftist/socialist krap, with your rioting/social justice/shit, WE WILL SHOOT YOU3 years agoOut of the city and still have a job…..take the deal
3 years agoDON’T SKIP THIS URGENT MESSAGE!!!
THIS COULD BE YOUR LAST LAST INVITE TO RECEIVE AND BELIEVE ON THE LORD JESUS CHRIST!!! AFTER THE RAPTURE, JESUS WILL BE COMING BACK AS THE LION OF JUDAH and ALL UNBELIEVERS WILL BE TORMENTED IN HELL, THE LAKE OF FIRE, FOREVER!!!:
WE ARE IN THE LAST DAYS OF GRACE PERIOD FOR GENTILES!!! The “END POINT” is ETERNAL HELL for ALL UNBELIEVERS, OR eternal LIFE with YOUR CREATOR the Lord Jesus Christ for ALL BELIEVERS!!! True DEATH is being SEPARATED FROM YOUR CREATOR!!! PREPARE TO MEET THY CREATOR!!! JESUS IS COMING!!! BELIEVE ON HIM!!! ON THE CROSS JESUS DIED AND SHED HIS BLOOD FOR ALL, HE WAS BURIED AND ROSE ON THE THIRD DAY, AND ASCENDED TO HEAVEN!!! PRAY AND TELL HIM YOU BELIEVE THIS!!! SEE bethelchurchmo.com, or Gene Kim, or Robert Breaker both on youtube, MORE INFORMATION on how TO AVOID HELL!
